Sale advance refunded taxed as unexplained income: Madras HC grants 90-day stay

The Madras High Court granted temporary relief to an assessee whose refunded sale advance was taxed as unexplained income. While the Department sought recovery, the Court stayed proceedings for 90 days, allowing time to file an appeal. The decision emphasizes procedural fairness and appellate rights of taxpayers. It also discusses the burden of proof in unexplained income cases and the importance of documentary evidence for genuine business transactions.